Obama and McCain are Even According to Latest Polls
In yet another setback for the Obama campaign, recent polls by Rasmussen show that McCain and Obama are even, erasing a four to eight point lead that Obama has held for the past month.
This should serve as a major wakeup call to the Obama campaign that there is a definite possibility Obama will lose the election, as I have written numerous times before.
But what about rising oil, gas, and food prices? What about the war in Iraq ‘going on too long’? What about the mental recession and the non-credit crunch? What about jobs being outsourced and rising tuition? What about polls that show that over eighty percent of Americans are dissatisfied with the direction of the country? You would think that with all these problems Obama would have a substantial lead over McCain, so why is he faltering?
The answer lies in economic theory, and Obama’s lack of solutions. While pro-Obama liberals complain constantly about rising gas and food prices, most Americans are gladly willing to pay inflated prices for food and gas because those goods are considered to be inelastic. What this means is that as the price rises the demand falls only very slightly. This is why Americans haven’t adjusted their driving and eating habits in spite of a rising prices in food and gas, and why $150 oil or $6 gallon gas isn’t nearly as big of a deal as the liberal media makes it out to be.
Also, Obama still comes across as an aloof elitist who doesn’t offer any solutions to anything. While McCain has outlined several energy solutions through his town hall meetings such as nuclear power, offshore drilling, and gas tax holidays Obama has yet to convey any specific plans to relieve high energy prices. In addition, Obama is still faces an insurmountable challenge appealing to hard working, middle class, white voters.
Meanwhile, there is evidence that the Iraq surge is working and Obama realizes that perhaps McCain was right all along not to pull out or demand a timetable. This further weakens his case against McCain because he can’t keep reusing the same talking point that the Iraq surge is a ‘failure’ and a ‘mistake’. And there are still valid concerns over Obama possibly being a Muslim, as well his his patriotism.
Obama is too liberal to win the presidency. I suggest to him that he concede the election early so that the nation won’t be as divided across party lines. McCain has much more experience and appeal to middle class and lower class voters. Oabma only appeals to SF liberals and he thinks small towns people are bitter and cling to guns and religion.
Markets Recover *nearly* All Losses
There is some buzz regarding freddy and the discount window. The Markets have recovered ALL loses. Still 30 minutes of trading.
Disregard all useless technical analysis and resistance and support nonsense. Just going in and buy these stocks NOW:
POT MOS IPI KOL PCX BTU EWZ CLF
Coal and potash are the future. Stop day trading like an idiot and buy these stocks and don’t look back. You can’t fail. Buy
Phil Gramm is Right. We are a Nation of Crybabies
Recently the McCain campaign has gotten into some flack regarding the brutally honest statements by his economic adviser, Phil Gramm, which is that America is in a mental recession.
Phil Gramm is spot on. We are indeed in a fake recession. There hasn’t been a single negative quarter of GDP growth since 2001 and many sectors such as energy and materials continue to thrive. Stocks such as POT PCX CLF AAPL GOOG AAPL MA V RIMM, which I have recommended on my blog for awhile, have held up very well. Yes we are now officially in a bear market, but no recession.
If were were really in a recession why did Hancock and Wallie gross tens of millions of dollars over the weekend? If the consumer were really tapped out as the boo hoo hoo pro Obama liberals claim those movies wouldn’t have done nearly as well because Americans would have stayed at home. Why is Apple projected to sell 40 MILLION iphones? Why is Facebook, Google and Myspace seeing record traffic and revenues? So much for a recession.
Americans have tons of purchasing power, credit, and huge liquidity. There is no credit crunch or crisis, except a leftist media generated one. If Americans had no access to credit why would Visa and Mastercard stock be near record highs?
The truth of the matter is, Phil Gramm, a senior economist knows there is no recession, which confers what I have been saying for the past year. The only recession is an imaginary, pro Obama generated one. Period. Boo hoo hoo gas prices keep going up. Boo hoo hoo oil is a $146. Boo hoo hoo war in iraq is going on to long, boo hoo hoo I can’t afford groceries, education, and health care. Boo hoo hoo McCain is going to win in 08′ and Obama will lose. Boo hoo hoo jobs are being ’shipped overseas’. Pleeeeaase help me Obama I’m a crybaby liberal.
Oil WILL go to $200. Gas will go to $6 gallon. Facebook is worth $30 billion. We are still in the smartist era of hypercapitalism, web 2.0, consumerism, materialism, globalism, paymentism, and spendism. Phones will be wiretapped under FISA and you will like it. McCain will win. No pull out in Iraq and no time tables.
In the meantime instead of being a loser BUY these stocks and ETFs for the ‘new era’:
MOS POT IPI MA
V PCX EWZ KOL CLF
AAPL GOOG BIDU
RIMM FSLR BTU
CLR ANR OIL/USO
Oh No!! Markets Stopped Going Lower?
Oh no no more selling? No more fake recession news? Dow 13000 soon? S&P 1370 again? Looks like the selling is done and a bear market was narrowly averted for a third time. The spooz never closed below the critical 1252 level. The lowest was 1260 last week, but that is still eight points above a bear market.
The DJIA and Nasdaq don’t count. The spooz must be below 1252 for there to actually be a bear market. Period. End of story. If that happens I’ll leave for good, but it won’t happen so I have nothing to fear, but not making enough money.
You blew it bears. So close to a bear market but so far. Not gonna happen now. Time 2 go long.
Buy the AAPL and RIMM. Buy the GOOG EWZ KOL POT MOS MA V FSLR BIDU
yup same old leadership again
nothing has changed